A word on the market

[GreatGazoo]

1. The USD is down 11% YTD so liquidity is losing

In 2026 DJT will replace Powell, force further rate cuts and juice the market. Trump is a rightwing socialist who has the government openly guaranteeing certain companies will remain in profit -- eg. domestic rare earth and lithium miners: MP, LAC, USAR. Baby nuke energy: HOND.

The AI shakeout won't happen all that soon. Winners will likely be the high efficiency rack and software combos (NVTS, APLD, CRWV). AI-as-a-service will flow to the lowest cost producers but a jump in software efficiency will come with less predictable timing than any further improvements in hardware.

The index funds (SPY, QQQ) will be the first ones to get backstopped if things go south. Look at March 2020 as a model.

The market has been crazy for a long time. Went up 1% on the day the gov shutdown. heck it may go down when the gov reopens. As the Keynes saying goes the "Market can remain irrational longer than you can remain solvent."